WHEN SHOULD YOU CONSIGN & WHAT TO EXPECT
Posted on July 24 2020
Consignment stores aren’t anything new but they’re quickly growing in popularity. It’s easy to see the appeal: stylish clothes and furniture at great prices. But when should you consign your items? And why should you consign in the first place? Here are a few things to consider before consigning.
Unlike thrift stores, consignment stores are more selective of the inventory they accept. They know what their customers are in the market for and what inventory their clientele prefers. Each store is different, so check out their guidelines beforehand to make sure your furniture or clothing is a match. Even if your items are the style and design the store is looking for, they can’t accept anything with stains, tears, rips, deep scratches, strong odors, or visible wear. Items with too much wear and tear are hard to sell, so whether it’s clothing or furniture, you want to make sure that what you’re interested in consigning is in gently used condition. If your items aren’t accepted by the consignment store, donating them is another great option. You can find thrift stores or donation centers that give back to the community, and you’ll get a tax-deductible in return!
The more information you have on your furniture or clothing, the better. It helps consignment stores when they are researching items to determine prices. The value of an item is based on age, brand, condition, demand, quality, retail cost, and other variables. The goal is to make the consignor the most money possible while helping customers find quality products at more affordable prices. The more information you have on a piece, the easier that process will be, and the more a customer gets to know about a product they’re interested in.
Why consign? You're likely to make more money cosigning than you are selling your items via eBay, Facebook, or craigslist. These sites are like online yard sales, which means the price point is much lower. At a consignment store, potential buyers get directed straight to items of higher value instead of having to wade through lower quality items in search of a gem.
The average person doesn't have time to waste staring at a computer all day waiting for an interested buyer. Even if you're lucky enough to find someone, you’re almost guaranteed to have unresponsive emails, buyers who never show up to the viewing, or buyers who waste time with indecisiveness. The whole process can involve safety concerns for the seller. In contrast, consignment stores build rapport with their clientele, who trust the store's pricing, selection, and policy.
If you have more questions about consigning or want to see what we have to offer, visit our website or call (919) 468-9998.